Economy · Full coverage
Dollar Falls Slightly to 2.99 Shekels Amid Weak US Jobs Report and Awaited Bank of Israel Rate Decision
How 1 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 1 day ago
What happened
Following a weak US jobs report, the dollar declined globally and in Israel, trading near 2.99 shekels. Investors await the Bank of Israel's expected rate cut amid stable inflation and security concerns.
- 01US dollar falls over 0.5% globally after weak US employment data.
- 02Dollar drops 0.3% in Israel to about 2.99 shekels; euro steady above 3.42 shekels.
- 03Dollar index declines 0.1% to 100.7; euro and pound gain modestly against dollar.
- 04Low trading volumes due to US Independence Day market holiday.
- 05Experts doubt Fed will raise rates in July despite potential inflation surprises.
- 06Bank of Israel expected to cut interest rate by 25 basis points on Monday despite security and fiscal concerns.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 1 outlets
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